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Monday, 5 June 2017

UPDATE 1-Qatar stock market tumbles on diplomatic rift with Saudi, GCC states | Reuters

UPDATE 1-Qatar stock market tumbles on diplomatic rift with Saudi, GCC states | Reuters:

"Qatar's stock market plunged on Monday after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed ties with Doha, accusing it of supporting terrorism.

The Qatari stock index sank 7.6 percent in the first hour of trade. Some of the market's top blue chips were hit hardest, with Vodafone Qatar, the most heavily traded stock, sliding its 10 percent daily limit.

Qatar National Bank, the country's largest bank, dropped 5.7 percent."



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